Terrafugia

Woburn, MA
terrafugia.com
Aviation & Aerospace

Layoff Date:

February 17, 2021

Laid Off Employees:

80

Laid Off Percent:

Source: AV Web
Flying car maker Terrafugia has laid off the majority of its employees at the company headquarters in Woburn, Massachusetts, according to a report from Forbes on Tuesday. Between 80 and 100 people are believed to have been affected. It has also been reported that Terrafugia, which was sold to Chinese conglomerate Zhejiang Geely Holding Group in July 2017, plans to close down operations in the U.S. later this year in favor of moving to China.
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